Sending your child off to college is an exciting milestone, and if they're moving away from home, it can involve a lot of planning and preparation. An important task that often gets overlooked is updating your personal insurance policies.
Making a few key insurance adjustments before they leave can save you money and ensure your student is well-protected while at school. Discover what Personal Insurance changes you should consider before your student heads off to campus, and how Aegis Insurance & Financial Services can help.
Check for Lower Rates in the College Town
If your student is taking a car to college, passing along their new address to your insurer is crucial. Auto insurance rates can vary by location, and college towns may have lower premiums than your current city.
Confirm Their Need for a Vehicle
If your student is attending a college or university with lots of public transportation options nearby, they might decide to skip taking a car with them to save on fuel, maintenance, and parking costs. If they're not planning to drive while at school, it might also make sense to remove them from your auto insurance policy for significant cost savings.
Review Your Homeowners Insurance
Your Homeowner's Insurance usually covers your student's personal belongings even when they're away at school. Items like laptops, clothing, and other essentials are protected against loss, theft, fire, or damage.
Before they leave for school, it's a good idea to:
Check Coverage Limits: Make sure the coverage limits for personal property are enough to cover your student's belongings.
Read the Fine Print: Be aware of any limitations or exclusions, such as coverage only applying if the student lives on campus.
Homeowners Insurance coverage can give you and your student peace of mind that their property will be protected if disaster strikes while they're away at school.
Think About Renters Insurance for Off-Campus Living
If your student is planning to live in an off-campus apartment or rental home, your Homeowners Insurance might not cover the value of their belongings if they're stolen, lost, or damaged. In this case, Renters Insurance is a smart, affordable option to provide reliable coverage.
Renters Insurance protects the value of personal items and provides liability coverage for accidents or damage in the apartment or rental house. Key benefits include:
Personal Property Protection: Covers belongings against theft, fire, and certain types of water damage.
Liability Coverage: Protects your student if someone gets hurt in their apartment or if they accidentally damage the property.
Renter's Insurance is a great way to protect the value of personal property while your student enjoys life off campus.
Next Steps: Contact Aegis Insurance & Financial Services
Before your student leaves for college, take some time to review and update your Personal Insurance policies. This can save you money and give you peace of mind knowing your child is covered.
For personalized advice and help with these changes, contact Aegis Insurance & Financial Services. Our agents are ready to help you navigate the details and ensure you have the right coverage for this new chapter.
Give us a call today to talk with an agent about any Personal Insurance changes you need to make before your college student heads to campus. Contact us at 713-850-7622 for more information, or fill out our online form to request a free quote!